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20121006
20121006
Search Results 0 to 5 of about 6 (some duplicates have been removed)
looked so much better in comparison. for mr. obama, unemployment peaked in 2009 at 10%, now three years later it's 7.8%. for both presidents, unemployment generally trended down all the way to election day. as you might expect, president obama and governor romney saw these numbers quite differently and we have two reports tonight. first, nancy cordes covering the president and she's in cleveland. nancy? ncy?eporter: scott, you could practically see the relief on the president's face today and not just because this news helped to change the subject from his shaky debate performance. negh unemployment has been an albatross around his neck the past four years. today he mentioned the drop not once but twice starting in virginia. >> this morning we found out that the unemployment rate has fallen to its lowest level since i took office. ( cheers and applause ) more americans entered the work errce, more people are getting jobs. >> reporter: around steady rain in cleveland where president esida shared a coat with the supporter who introduced him, he made it clear to a crowd of 9,000 that he un
, the unemployment rate has fallen below 8%. that's the lowest it has been since president obama took office. surprisingly strong, showing that unemployment fell to 7.l% in september -- 7.8% in september. >>> cbs5 reporter, linda eye yee tells us what is behind those numbers -- linda yee tells us what is behind those numbers. >> reporter: he now has 160 employees. >> i think the economy is really picking up. >> reporter: ryan brauton is one of those new workers. he left his job in construction and decided to become a machinist. >> i chose manufacturing for a reason that it does not seem to be affected by the economy. >> reporter: he tripled his research and development budget during the recession. it has paid off. anderson is building this new plant. >> that's the reason why we're moving. we do have plans to continue hiring. >> reporter: nationally the economy has added an average of 145,000 jobs over the past three months. unemployment has not been this low since january of 2009. >> yes, we are finally below that 8% level, but it is still indicative of a slow go environment. >> reporter: m
washington. >> reporter: president obama was all smiles at a rally in virginia. the labor department says the economy added 114,000 jobs in september and the unemployment rate dropped from 8.1 to 7.8%. >> the unemployment rate has fallen to its lowest level since i took office [ applause and cheers ] >> reporter: but a major drop in unemployment right before the election has some questioning the results. former general electric ceo and mitt romney supporter jack welch went as far as suggesting the obama administration manipulated the report. he tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> reporter: the white house calls welch's insinuation, quote, utter nonsense and most republicans are steering clear of the former ceo's comments including mitt romney. the republican nominee says many of the new jobs are only part time. and that's not what a real recovery looks like. >> even those that have jobs are having tough times. the middle class is being squeezed with higher and higher costs and with incomes that have gone down. >> repor
.8% in september. that's the first time it's fallen below 8% since just after president obama took office in 2009. it's a bit of a relief for the president who is trying to move past a bad performance at the first presidential debate. his opponent mitt romney says the job numbers are deceiving. jan crawford is traveling with the romney campaign in orlando, florida. good morning. >> reporter: good morning. it has been a pretty tough week for the president. he's been trying to put that rocky debate performance behind him. that disappointed his supporters and energized his critics. we got that good news. yesterday he did. he seized on it. >> more americans entered the workforce, more people are getting jobs. >> reporter: at a campaign rally in the swing state of ohio the president also used the jobs report to make a political point with the not so subtle message to mitt romney. >> today's news should give us some encouragement. it shouldn't be an excuse for the other side to try to talk down the economy. just try to score a few political points. it's a reminder that this country has come too far to
in an election year, one number has many interpretations. president obama told a fairfax, virginia, crowd this: >> this morning, we found out that the unemployment rate has fallen to its lowest level since i took office. [ applause and cheers ] >> reporter: he said there's more work to be done to help middle class families and said that's why he is running for re- election. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. >> reporter: mitt romney told supporters in virginia the country hasn't mer enough. >> now, we can do better. we don't have to stay on the path we have been on. >> reporter: businesses added 114,000 jobs in september slower than the growth earlier in the summer. romney pointed out the unemployment rate doesn't reflect people who stopped looking for work. >> if the same share of people were participating until the workforce today as on the day that the president got elected, why, our unemployment rate would be around 11%. >> reporter: 8.8 million lost jobs during the recession. just under half of those jobs have been a
Search Results 0 to 5 of about 6 (some duplicates have been removed)